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NYLO Taps Into Tax Credits

Published Monday, December 07, 2009

There’s been a lot of buzz in the hotel development community about the use of tax credits—both Historic Rehabilitation credits and New Market Credits—to enhance financing packages. In many cases, developers wouldn’t be able to consummate deals without the use of these credits. To capitalize on this trend, NYLO Hotels recently forged an alliance with Campo Architects and Top Ten, a consulting firm, to identify and secure credits for developers looking to adapt existing buildings into the NYLO product. “Using tax credits for rehabbing historic buildings can offset ...

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